Cinco De Drinko with Jesse Lally

Summary

---

Detox Retox with Tom Schwartz: “Cinco De Drinko with Jesse Lally”

PodcastOne | May 7, 2026

---

Episode Overview

This special Cinco de Mayo episode blends real talk about Los Angeles real estate with playful (and sometimes boozy) banter, personal stories, and plenty of inside jokes. Tom Schwartz and guest Jesse Lally (real estate agent and Bravo personality) dig into whether homeownership in LA is even possible anymore, what it’s like to start fresh in iconic Laurel Canyon, the brutal realities of rent and mortgages, and behind-the-scenes reflections from Bravo’s "The Valley." Along the way, they toast to change, reminisce about old apartments, offer sharp takes on the housing market, and share their personal margarita recipes.

---

Key Topics & Insights

1. Setting the Scene: Laurel Canyon Vibes & New Beginnings

• [06:18] Jesse updates Tom & Sandoval on his new Laurel Canyon home—classic mid-century, sweeping views, real neighborhood energy, and a historic address with rock-and-roll legacy.
  • Quote: “It's quintessential mid-century... Views from Santa Clarita, Bucco Mountain to the Hollywood sign to the observatory... excited for a change.” (Jesse, [07:41])
  • Celebrates the sense of community: “It does. There's a strong sense of community up here. I've come to many parties up here.” (Tom Sandoval, [08:15])
  • Personal touch: Jesse shares how his daughter embraced the move and this phase feels like a fresh start.

2. Cinco de Mayo: Traditions & Family Ties

• [09:14] Tequila flows as they toast to Cinco de Mayo (“Cinco de Drinko”)
• Jesse explains the personal significance of this day—his birthday just passed, and it’s also his daughter’s grandmother’s birthday, weaving in memories, traditions, and loss.
  • Quote: “Her memory will be lived on through Cinco de Mayo.” (Jesse, [10:50])
• Discussion on the real meaning behind Cinco de Mayo, not to be confused with Mexican Independence Day.

3. REAL TALK: The State of LA Real Estate

• [11:30–23:53] Tom’s housing anxiety—rising prices, wild rent, and sky-high property taxes
  • Tom shares his own numbers: bought in 2019 for $1.9M (4.5% mortgage down to 2.98% after the pandemic), sold in 2023 for $2.45M, now thinking he’s “fucked” due to doubling mortgage payments on similar homes.
    • Quote: “Fixer uppers in the Valley are $1.5 million. I mean, am I fucked?” (Tom, [13:23])

Jesse’s Realist Advice:

• Buy now or be priced out later: If you wait for rates to drop, you’ll face “a feeding frenzy” (Jesse, [13:50]), with bidding wars driving up prices.
• Calculate if a higher rate for 18 months is better than overpaying by $300K–$500K in a bidding war later.
• Real estate is still a long-term play: “If you have the capital to buy a house in LA, now is the time... Olympics, FIFA are coming, you will be priced out.” (Jesse, [55:11])
• Homeownership vs. investing in income properties—risk, insurance, post-fire premiums, and earthquake insurance realities.
• Quote: “Homeownership is the worst investment you could ever make.” —Grant Cardone, cited by Jesse ([24:04])

Practical Nuggets:

• Assumable loans idea? Jesse breaks down why it’s mostly a pipe dream in 2026.
• Seller financing as a workaround some creative buyers are using.
• Social media and reality TV presence help sell homes—views and stories drive leads.

Memorable Math:

• Cheapest starter home Tom found: “$699,000... one bedroom, one bathroom, 710 square feet. And it looks haunted!” (Tom, [03:34])
• His rent now: $6,000/month for a 4 bed/4 bath.

4. Bravo Behind-the-Scenes & Reality TV Culture

• [26:35–36:41] Candid talk about “The Valley” and their TV personas
  • Jesse’s pride in girlfriend Lacy Nicole joining the show: “Rookie of the year… she’s really struggling right now physically, mentally… fertility doctor… endometriosis… trying to be as supportive as possible.” (Jesse, [26:45])
  • Navigating fame: dealing with public feedback, trolling, and the emotional toll—“You’re bearing a piece of your soul, even if you're just filming a few times.” (Tom Sandoval, [27:54])
  • Self-deprecating humor and owning their quirks: “I think you have many layers to your personality. You have high emotional intelligence. You're hilarious.” (Tom Sandoval to Jesse, [28:21])
  • Quote: “I was called the Tom Sandoval of the Valley. I didn’t even know what that meant.” (Jesse, [28:04])
• [33:19–36:41] Reality TV drama cross-talk
  • Discussing Summer House, Real Housewives, and Bravo “friendships” and feuds.
  • The blurred lines of reality TV and real friendships.

5. Laurel Canyon & LA Nostalgia

• [36:41–45:43] Old haunts & Secret Perks of LA Living
  • Jesse reveals the private perks of being a Chateau Marmont neighbor (pool key, last-minute reservations, “felt like a private club”).
    • Quote: “Felt like you were part of a private club that nobody knew about.” (Jesse, [38:52])
  • Real estate stories: Jesse’s first ever commission and celebrations at Bar Marmont.
  • The real power of social media in selling luxury LA homes.

6. Local Eats, Foodie Favorites & Wine Ambitions

• [50:37–53:43] Food and drink recommendations:
  • Jesse praises sushi spots (Yumi), and debates the merits of classic Valley staples (Casa Vega vs El Coyote).
  • Chateau Marmont picks: “...best french fries... burger's great, Bolognese famous, salmon setup these days…” (Jesse, [52:12])
  • On food & travel: “Pretty much any city or country I’ve been to, I have a two-page cheat sheet for where to go, what to eat.” (Jesse, [53:04])
  • Dream destinations: “Paris to Switzerland to Capri would be my ultimate adventure.” (Jesse, [50:10])

7. Margarita Showdown

• [53:04–54:37] How to margarita like Jesse & Tom
  • Tom’s “skinny” version: Patron, fresh lime, small splash of agave, fresh OJ (“game changer”).
  • Jesse’s take: “Orange juice is disgusting… Four ounces of tequila, splash of mix, squeeze of lime, pinch of sea salt in the margarita, not on the rim.” (Jesse, [54:06])
  • Banter over who’d survive drinking Jesse’s super-strong batch.

8. Words of Encouragement (and a Little Reality)

• [55:03] Looking Forward, With Realistic Hope
  • Jesse urges action for anyone who can buy in LA now.
  • Tom’s still “hopeful,” but conscious of daunting down payments, market pace, and LA’s “sunshine tax.”
  • Quote: “We're all gonna be homeowners, right?” (Tom, [57:37])

---

Notable Quotes & Memorable Moments

• “Fixer uppers in the Valley are $1.5 million. I mean, am I fucked?”
  — Tom Schwartz [13:23]

• “If you wait for the interest rates to go down, what's going to happen... There's going to be a feeding frenzy.”
  — Jesse Lally [13:49]

• “Her memory will be lived on through Cinco de Mayo.”
  — Jesse Lally [10:50]

• “Homeownership is the worst investment you could ever make.”
  — Jesse referencing Grant Cardone [24:04]

• “You’re bearing a piece of your soul, even if you're just filming a few times.”
  — Tom Sandoval [27:54]

• “We're friends with all these people and I think the general audience feels... we're all just spying on the backstory.”
  — Jesse Lally [35:46]

• “Now is the time to buy... Olympics, FIFA coming up. You will be priced out of the market if you don't move soon.”
  — Jesse Lally [55:11]

• “I've had six four-ounce margaritas since we started this interview...”
  — Jesse Lally, jokingly [54:47]

---

Timestamps: Segment Guide

| Timestamp | Segment | Topic | |-----------|---------------------------------------|--------------------------------------------------------------| | 01:52 | Episode Intro | Cinco de Mayo, real estate dilemma, special guest Jesse | | 06:18 | Jesse’s New Home | Laurel Canyon, community, fresh start | | 09:14 | Cinco de Mayo & Family | Traditions, tequila, emotional memories | | 11:30 | The Hard Truth: LA Housing | Tom’s old home, market jump, personal numbers | | 13:23 | Are We Fucked? | “Feeding frenzy,” buy vs. wait, Jesse’s strategies | | 20:17 | Assumable Loans & Seller Financing | Loan landscape explained | | 24:04 | Ownership vs. Renting | Grant Cardone’s contrarian approach, insurance headaches | | 26:35 | Bravo Realities | Supporting castmates, TV rookie growing pains | | 33:19 | Reality TV Friendships/Drama | Summer House, reality-fan divide, public perception | | 36:41 | Chateau Marmont Stories | Perks, nostalgia, LA lore | | 40:44 | Real Estate Hustle | Recent deals, social media impact, changing trends | | 50:37 | LA Food Picks & Local Haunts | Restaurant recs, foodie flexes, dream adventures | | 53:04 | The Perfect Margarita | Recipe debate, secrets to the best drink | | 55:03 | Will We Ever Own Again? | Encouragement for buyers, market predictions | | 57:14 | Wrap: Optimism & Good Vibes | Hopeful sign-off, rent tips, future plans |

---

Summary Table: Buy or Wait? (Jesse’s Real Estate Take)

| Scenario | Now (6% rate) | Wait (4.5% rate) | |---------------------------|------------------------------------------------------|--------------------------------------------| | Price | Lower, if less competition | Much higher due to bidding wars | | Monthly Payment | Higher (for 12–18 months), then refinance possible | Lower, but only after inflated purchase | | Competition | Manageable | “Feeding frenzy” (30+ offers per home) | | Advice | Buy now if you can, refinance later | Don’t wait for rates—prices jump more |

---

The Takeaway

• The LA real estate market is daunting, but not impossible—if you’re ready to act and have the means.
• Wait too long, and you might face stiffer competition and soaring prices, especially with events like the Olympics/FIFA coming.
• Homeownership isn’t always the best investment for everyone (especially with high insurance/taxes), but there are still ways to get creative (seller financing, investing in income properties).
• Community, food, and friends—especially on Cinco de Mayo—make the chaos worthwhile. And there’s always a great margarita recipe to share.
• If all else fails, scroll Zillow, keep dreaming, and maybe DM Jesse for a cheat sheet or deal.

---

Listen to this episode for:

• Raw honesty about the LA real estate struggle
• True-to-life Bravo culture and reality TV insight
• Classic West Coast foodie chat and local recs
• Fun, friendship, and a little tequila-induced wisdom

---

“Less is more. Sometimes it’s just—at the end of the day—one ‘IndyCloud’ soda, and everything just kind of settles… My mind just relaxes, resets for the summer.”
— Tom Schwartz ([15:10])

Transcript

[Pacifico Beer Announcer]

Pacifico. The crisp Mexican lager that wasn't brewed to blend in. We were made for the moments when you live like you mean it. When you don't just hear the music, you feel it. When you let the bonfire burn into the night and find places you'd never spot on a map. So when the moment calls, choose to reach for the bright yellow can choose yellow. Choose Pacifico 21. Discover responsibly. Pacifico Clara beer. Imported by Crown Imports, Chicago, Illinois.

[The RealReal Advertiser]

So you're running out of closet space. The good news, you don't need to stop shopping. You just need to start selling with the RealReal. The RealReal is the world's largest and most trusted resource for authenticated luxury resale. Whether it's that mini bag that can't even fit your phone or those boots you never fully broke in, the RealReal handles everything from photography and copywriting to shipping and pricing. So you can just sit back, get paid, and make room for things that actually feel like you. And with 10,000 plus new arrivals every single day from top designers like Prada, Celine, Louis Vuitton, and Louisville offer up to 90% off retail, you're bound to find something perfectly on brand to fill that extra closet space with. Plus, this may only you can get an extra $200 to shop. When you sell for the first time, make room for what feels like you go to therealrail.com to start selling and get your extra $200 to keep [e-mail] that's therealrail.com terms apply.

[Podcast Host Intro]

It's now time for your weekly Retox with Tom Schwartz.

[Tom Schwartz]

What is up? How are you? Welcome to another episode. We're gonna retox today. Cinco de Mayo style. We love cinco. We love Mexican culture. We love tequila. Especially patron. Especially patron. Cristalino. We're gonna sit down with Jesse Lally, my friend from the valley, and just check in. I love hearing Jesse talk. That man can talk and talk. He did. He actually just moved to one of my favorite spots in all of Los Angeles. One of the coolest, grooviest parts of all of la, steeped in rock and roll lore. Laurel Canyon. Very cool. It was a beautiful spot. It is a beautiful spot.

[Tom Sandoval]

I'm recording this afterwards, but I wanted

[Tom Schwartz]

to go check in, say hi. You know, he's a real estate agent, you guys.

[Tom Sandoval]

I'm wondering here, man.

[Tom Schwartz]

I'm feeling a little demoralized. Am I ever gonna be able to afford a house in LA again? And even when I can not if. When I can. Yeah. Speaking it into existence.

[Jesse Lally]

Do I want to?

[Tom Schwartz]

Are we capped out? How much more can these houses appreciate? I'm afraid I'm forever priced out of the LA market. Is it even smart to buy here now? I want to ask Jesse, see what he thinks. Is it worth it? You know, we want to lock in, not be locked out. So we better lock in, right?

[Tom Sandoval]

That even confused me coming out of my mouth.

[Tom Schwartz]

We gotta lock in, so we're not locked out. That's the theme of today's episode, you guys. I don't know the Valley. I'm looking at houses on Zillow. I miss being a homeowner. Rent is crazy. My rent, 6k a month. I mean, my place does have four bedrooms, four bathrooms. I could probably downsize, but I like it here. And I have amazing views of the Verado Go Mountains from this. I don't know if I'm pronouncing that right, but yeah, Man. California has the highest percentage of homeowners spending more than 50% of their incomes on housing. Their rent, their mortgage, even a starter home. I'm on Zillow right now, you guys. I found the cheapest house in studio City. It's $699,000. It's one bedroom, one bathroom, 710 square feet. And it looks haunted. Yeah, that's like the size of a modest two car garage. I'm thinking back to my first apartment with Sandoval and Kristen and Jack's. It was like 1200 square feet, two bedroom, two bath. Like that's almost double the size. Yes, it's the apartment you're thinking of.

[Tom Sandoval]

The one where if you put the

[Tom Schwartz]

microwave on while the AC was on, it would flip the circuit breaker. That apartment, all kinds of other crazy lore. Maybe that place is haunted too, but in a good way. With Vanderpump rules lore. But yeah, I'm not gonna be a Debbie Downer. I'm just. I don't know, just feeling a little bummed out about the LA market. I miss being a homeowner. Although it is a pain in the ass too. But we're gonna sit down and chat. Just check in with Jesse, see how it's been filming. How's it been for Lacey? She's been so sweet to Kiana, who

[Tom Sandoval]

is my girlfriend, who, if you're watching the Valley, you'll eventually meet, who I love very much.

[Tom Schwartz]

But yeah, let's get into it. Also Ohio, thank you for having me back again. We called it at the brewhouse. Calves and seven in bed by 11. We manifested that shit.

[Tom Sandoval]

Thank you guys for taking me to the game. One of the coolest experiences ever. I've never been that close to courtside at a basketball game. I'm a Timberwolves fan, but I gotta show love to the Cavs.

[Tom Schwartz]

All right, let's get into it.

[Tom Sandoval]

Jesse Lally from the Valley.

[Tom Schwartz]

Are we forever priced out of the LA real estate market?

[Tom Sandoval]

Jesse Lally from the Valley. Where are we? What are we doing?

[Jesse Lally]

It's my first, first time redoing a podcast. I've never redone a podcast. And here I am with Detox Retox for my second time and I'm excited to be here. We're here at the new Lally estate.

[Tom Sandoval]

Where can you tell us where? We're not exactly where you're at. You're in the.

[Jesse Lally]

I will give you my, my address if you.

[Tom Sandoval]

Jesse's in the iconic. Probably one of my favorite parts in all of Los Angeles. An incubator for like the sound of, of California in the 60s and the 70s. Fricking Joni Mitchell, the Doors, Birds, Buffalo Springfield, Frank Sapa. A lot of lore, a lot of history up here. We're in Laurel mother effing Canyon.

[Jesse Lally]

I moved a little further up in the hills. Still not in the Valley, still south of Mulholland. But yeah, you know, you can. I think it's on Netflix, right? Laurel Canyon documentary.

[Tom Sandoval]

Yeah. Lot of history out there.

[Jesse Lally]

Lot of history. And yeah, it's a little further down the hill to get a cup of coffee, but, you know, we're excited.

[Tom Sandoval]

It's very chic, very tasteful. I gotta say, I'm very impressed, not only by your art collection, but the way you curated the space, the room for Isabella. Dude, it's beautiful here, you guys. I walked in, it's very swanky. It's the quintessential cool ass spot up in the hills.

[Jesse Lally]

It's quintessential mid century, which the whole street is. And you know what? I got views from Santa Clarita, Bucco Mountain to the Hollywood sign to the observatory right over your right shoulder to downtown la. So yeah, we got, we got a good view situation happening here. I'm excited. Very suburban neighborhood. All the, all the, all the families on the street have kids and they have dogs and they're just like coming over and you know, I haven't, I haven't gotten any pot roasts or, or pies yet, but the neighborhood's a lot different than Chateau Marmont.

[Tom Sandoval]

Yeah, I know, but it does. There's a strong sense of community up here. I've been here. I've come to many parties up here. I've known people who have lived up here. You feel the community up in Laurel Canyon.

[Jesse Lally]

Yeah, no, it's great.

[Tom Sandoval]

And at the foot of this is the country. The Country Market, one of my favorite stores in all of la. And also the iconic Pachay, one of the best date spots in la.

[Jesse Lally]

It's. You've got Pachay, you get little. Little coffee shop. You got the. The market with the best chicken salad in town. I will say I'll throw that out there, but, you know, it's. It's nice. It's exciting for a change. It's, it's. It's a change for Isabella and I. She, you know, I have a little note that she gave me over there on the fridge that said, I'm excited for my new home. You know, so cute. My. My old. My old house. Michelle and Isabelle and I moved in there together. So this is, this is a new start for the two of us do.

[Tom Sandoval]

New beginnings. And the only gift I brought you

[Tom Schwartz]

to warm up the house.

[Tom Sandoval]

What's the patron? Cristalino. Because it's Cinco de Mayo.

[Jesse Lally]

Cinco de Drinko.

[Tom Sandoval]

I still don't know the history of Cinco de Mayo. I feel like I should. I know there was. I know it's a very important day because Mexico fought off France back in the mid-1800s.

[Jesse Lally]

It wasn't the Mexican Independence Day, which I think is in November or September, but it is their. Their fighting off the French.

[Tom Sandoval]

And.

[Jesse Lally]

Yeah, you know, Cinco de Mayo is an interesting day for me because it's two days after my birthday.

[Tom Sandoval]

Happy birthday.

[Jesse Lally]

Thank you.

[Tom Sandoval]

Jesse Lally.

[Jesse Lally]

May 3rd. But it's also, interestingly enough, Isabella's grandmother's birthday is May 5th. So, you know, sadly passed away way too young. And we used to. I'm a huge cook, as you know. I made you tacos, guacamole. We had a whole thing. Margaritas.

[Tom Sandoval]

10 out of 10, by the way.

[Jesse Lally]

Thank you. But, yeah, no, it was, it was interesting. I always had my birthday. When Michelle and I got together, I always had my birthday. And then her mom would always be with us because her birthday was on the 5th. And I'm a huge cook. Her mom was a huge cook. And we would always do these Cinco de Mayo celebrations for her birthday and for Cinco and. And, you know, especially going back to Michelle and I's first place together, we would just have friends stop by all day, and I'm like, oh, do you. You want a taco? You want a quesadilla. You want you. And it was just like. It was a fun experience. And, you know, sadly, Isabella's grandma's gone, but, you know, her memory will be lived on through Cinco de Mayo.

[Tom Sandoval]

That's beautiful thing. That's a beautiful thing. It's a very special holiday. Obviously, California's rich with Mexican culture, so we just wanted to show a little love, a little support. We're gonna take a shot of Patron Cristalino, which is essentially an anejo that's been filtered through charcoal to remove. So it's a clear anejo, but it still has really smooth, nice vanilla, right? What you know about Cristalino? Cheers, guys.

[Jesse Lally]

No, I know Cristalino is just. Just ultra filtrated. Past anejo. Past extra anejo. Delicious.

[Tom Sandoval]

That just activated something in me. Wait, I came here first of all, cause I miss you. Second of all, because I missed your birthday. Third of all, Jesse, I'm worried I'm never gonna be able to buy a house again in LA. Like, I'm like, 80% serious, 20% joking. But, like, I was looking back at some old numbers. I wrote them down here. Back in 2019, me and Katie bought our house in the Valley for $1.9 million. And I think our interest rate in the beginning was 4.5. I eventually, after the pandemic, I got it down to 2.98. We talked about this last time when you were beating me with birch sticks at the Banya. He really beat my ass, by the way. Do you remember that?

[Jesse Lally]

I think I beat your back, not your ass, but, like, it's a figure of speech.

[Tom Sandoval]

We did an episode at the Banya. My favorite spot to detox or retox. But no, I was looking. So at my peak, we had got our mortgage down to 2.98. We owed about 1.5 million. Our payment on our house was, like, $6,700. That's not including property tax, which is sky high in Los Angeles. But, like, I'm looking now at the numbers if I bought the same house now. So. So, yeah, we bought it in 2019 at 1.9. Jesse. We sold it in 2023 for 2.45. Your friend bought it. Our friend, yeah. And so. So it appreciated by, like, almost 30%. Interest rates are, like 6% now. So my same. The same. The same payment on that house would be probably, I don't know, probably like 12, $13,000 a month. Almost double. More than double now, just looking at my bootleg math right here. I wrote down, say I got a 6.6% interest rate. What am I, dude, fixer uppers in the Valley are $1.5 million. I mean, am I fucked?

[Tom Schwartz]

Are we fucked, Jesse?

[Jesse Lally]

No, I think, you know, where we are in the market right now is. And it's a conversation I've had over and over again with people is, okay, great. You have to lock in a purchase right now at 6%, let's say. And you know you're going to wait until it goes to four and a half percent, right? That. That's. You know what everybody keeps saying? I'm going to wait for the interest rates to go down. What's going to happen when it goes to four and a half percent? There's going to be a feeding frenzy.

[Tom Sandoval]

A frenzy.

[Jesse Lally]

So you can buy now and, I don't know, refinance maybe in 18 months, or you can compete against 30 offers that drive the price up over half a million dollars over ask or $300,000 over ask. So what you have to look at is, all right, if I buy a house for $1.5 million, right now, it's 6.3%, 6%, 5.8% over the course of the next 18 months before I can refinance to four and a half percent, what am I paying extra versus if I buy in 18 months at four and a half percent, but pay $500,000 over ask. So you have to do those calculations. And I don't know what the numbers exactly are, but it's like, all right, if you're paying a few thousand dollars more per month at 6% for the next 18 months, is that better than paying a quarter of a million, half a million dollars over ask when a feeding frenzy comes and it becomes a buyer's market again. So, you know, I say now is the time to buy and just be structured and know that the time is coming where you can refinance and get yourself back to a different position.

[Tom Schwartz]

I don't know who needs to hear this, but just buying groceries, paying rent, just living should not feel like you're paying for a luxury experience. I mean, the cost of living, especially in la, is bananas worth it. Yes, it's still worth it, but it's bananas. Especially around tax season. Things always just feel like, I don't know, they're getting better. You made it through tax season until you get your latest utility bill and it reminds you otherwise. My last one was like $856. Exactly how, man, this is just exactly why everyone is getting a little more intentional Their mindset, their spending, about how they actually unwind. And that's where IndyCloud fits in. IndeCloud is your fully legal online cannabis dispensary. You know what I'm talking about. Gummies, exotic flower, premium pre rolls, zero sugar, THC sodas, sleep gummies. Love the sleep gummies. And now rooms. A clean, alcohol free way to relax, reset or shift your mindset without throwing off tomorrow. Yeah, no hangovers. And slightly. Yeah, lately I've been a lot more aware of just what feels worth it. And I'm not cheap at all. Okay, I'm not a cheapy, not a brokey. But like rent prices, the sunshine tax, dirty eight bloody Marys at the Four Seasons in the Beverly Hills. That's not including tip by the way. Not just money wise, but energy wise too. I don't need everything to be a whole event anymore. Less is more. Sometimes it's just at the end of the day. One into cloud soda and everything just kind of settles. My mind just relaxes, resets for the summer. I'm thinking, how about some of the energy gummies for forward momentum, a little get up and go. Carpe diem. And yeah, like the THC sodas, Clean social energy rooms for completely legal expanded experiences. And of course, flowers for the nice grounding. Resets, Relaxing retoxes. I like the sound of that. So if you're 21 or older, go to indycloud co. That's co not dot com. And for new customers, use the code RETOX for 40% off your order. That's indicloud code RETOX 40% off. Ship discreetly to your door. Plus get free shipping on orders over $50 and free gifts on qualifying orders. And please don't forget to fill out the little survey at the end when you order to support the show. Thank you indecloud and always enjoy responsibly. And thanks to IndyCloud for making May feel a little more manageable.

[Carvana Customer]

I sold my car in Carvana last night.

[Jesse Lally]

Well, that's cool.

[Carvana Customer]

No, you don't understand. It went perfectly. Real offer down to the penny. They're picking it up tomorrow. Nothing went wrong.

[Tom Sandoval]

So what's the problem?

[Carvana Customer]

That is the problem. Nothing in my life goes as smoothly. I'm waiting for the catch.

[Tom Sandoval]

Maybe there's no catch.

[Carvana Customer]

That's exactly what a catch would want me to think.

[GoFundMe User]

Wow.

[Tom Sandoval]

You need to relax.

[Carvana Customer]

I need to knock on wood. Do we have wood? Is this table wood?

[Tom Sandoval]

I think it's laminate.

[Carvana Customer]

Okay. Yeah, that's good.

[GoFundMe User]

That's Close enough.

[Jesse Lally]

Car Selling without a Catch Sell your

[Podcast Host Intro]

car today on Carvana.

[VRBO Advertiser]

Pick up fees may apply day or night. VRBO Care is here 24, 7 to help make every part of your stay seamless. If anything comes up or you simply need a little guidance, support is ready whenever you reach out. From the moment you book to the moment you head home. We're here to help things run smoothly because a great trip starts with the right support. And hey, a good playlist doesn't hurt either.

[Jesse Lally]

This message is brought to you by Avocado Mattress and if healthy, comfortable sleep matters to you, this is one organic brand worth knowing. That's because what you sleep on actually matter.

[Podcast Host Intro]

Most mattresses rely on synthetic foams and chemical materials that trap heat, break down over time or off gas. Avocado does it differently. Their mattresses are handcrafted with natural organic latex, organic wool and organic cotton designed to be naturally cooling, incredibly supportive and long lasting. They're certified organic by Gotz and meet multiple non toxic and safety certifications made for people who care about their health and the environment without sacrificing comfort. I love that Avocado proves you don't have to choose between comfortable, supportive SL and your values. This Memorial Day discover what it means to truly sleep well. Upgrade and save up to 20% on our award winning mattresses. Shop the Memorial Day sale now and get up to 20% [e-mail] or select retailers nationwide. That's avocadomatress.com Avocadomatress.com by the way.

[Tom Sandoval]

I discovered something that I didn't know existed and we don't have to get into. I don't want to bore you guys. Do you know about assumable loans?

[Jesse Lally]

They are very very difficult. They there are, I don't even know if they if there is a bank doing it right now. But as soon as the interest rates went up, every single person was trying to figure out a way to assume somebody's loan.

[Tom Sandoval]

Can we tell everybody what it's it's

[Jesse Lally]

just that it's essentially like if you have a 2% loan or 2.3% loan in your house, I want to buy it. My interest rate is going to be 7%. Can I just assume your loan at 2%? And it just, it just doesn't work the way people thought it was going to work. It's just never worked out. But the idea was great.

[Tom Sandoval]

Okay, okay. You know you're stashing all my dreams.

[Jesse Lally]

You know what came out of that? Help me you guys you know what came out of that is, is there were no banks that were, there were, there were a few banks that were trying to figure out how to do that. Yeah, there were no banks that were doing that. But what, what people were doing was going in, paying off somebody's loan, let's say they have a million dollars at 2.5%, they would go in, their down payment would be a million dollars on the house, and then they would seller finance from the seller at like 3%, 3, 4, 5%, whatever it was. But the loan had to be paid off and the seller could finance your loan as if he's a bank.

[Tom Sandoval]

This is all very sobering, ironically, as we drink tequila. Yeah, but I just, I don't know, I don't know. Obviously I believe in myself. I believe I'm going to make more money, be a success. But I guess I was scared about how much houses appreciated after the pandemic. Like what was average, 20 to 30% afterwards because of scarcity. Scarcity is a big.

[Jesse Lally]

Well, I mean, post pandemic the problem is it was like post 2008, if you purchased at the wrong time, like if you purchased during the pandemic, the problem was you were paying, like I just said, 30 competing offers, paying a half a million dollars over. If you had to sell in a year or two, you were screwed because the market settled down and now you're losing money. So, you know, real estate will always go up if you look at the 100 year numbers. But, but it's not a, it's not a quick, you know, you can't, you can't, you can't go in like a seller's market and then two years later you have to sell. It's, it's.

[Tom Sandoval]

So you got to look at it long term and yeah, it's a long,

[Jesse Lally]

it's a long term play. Unless, yeah, unless you're smart enough or have the stomach to buy a real heavy fixer. You do some major upgrades, you, you know, buy a place for 100, you know, 1.5 million. You put $150,000 into it and then two or three years later it's, I mean, look at what happened in Valley Village, where, where your house was.

[Tom Sandoval]

Valley Village went crazy.

[Jesse Lally]

It went crazy.

[Tom Sandoval]

Prices skyrocketed. Yeah, the person who bought my house, Kate, our, me and Katie's house, she renovated it and she's going to make a pretty penny when she does sell it, if she sells it. But it's beautiful, very well done. We won't say her name, but A mutual friend of ours. Very tastefully done. I miss being a homeowner, Jesse. My rent now is like $6,000. And I guess relatively speaking, that's not crazy in LA, but to me, I never thought I'd be paying $6,000 in month, the rent. And then I have a mortgage in Florida, yada, yada, yada. But I guess it's all relative. And I know we're paying the sunshine tax and all that. I don't know, man.

[Jesse Lally]

I will, I will tell you, you know, there's, there's, there's, there's a lot of competing ideas when it comes to this. Hold on. Shotis

[Tom Schwartz]

sipper skis.

[Jesse Lally]

I just, I just watched an interview with Grant Cardone where he said homeownership is the worst investment you could ever make. And look, you know, like, when it came to Michelle and I situation, we rented our house because our interest rate was 9.875. And we had insurance on top of that, and we had property taxes on top of that. And, you know, sometimes it's like, is it worth renting for a year, two years, three years, Buying multifamily properties, creating income from things you own versus owning a single family residence for yourself, because at the end of the day, yeah, you can buy a $2 million house, you can get a great interest rate, but insurance in California right now is a major, major issue. Post fires.

[Tom Schwartz]

It's insane, you guys.

[Jesse Lally]

And it's like buying a house over $3 million, you know, you're taking the risk that one day, you know, if you get a $3 million insurance policy, one day that house might burn down, it might crumble, and it's a $6 million house. You're only getting $3 million worth of insurance. That's a major, major issue in California that we need to address.

[Tom Sandoval]

It really is. And also, not only that, also, like, earthquake. Even if. So, like, when we got quoted for earthquake insurance, like, this is still crazy thinking about this. The lowest quote we got was 800 extra dollars a month. And it didn't even pay the full price of the house. It paid like half of it.

[Jesse Lally]

Yeah.

[Tom Sandoval]

And it felt like a scam, but it just. Guys, I'm. By the way, this is turning into a therapy session about will. I really. I just came over, I needed a shoulder to cry on because I want to be able to buy in California. I love it here. I want to keep building a life here, but I feel like, I don't know. Well, I'm not sponsored by built, but I started paying all My rent with Bilt now. So at least at the end of the year, I'm going to get a free vacation from all the money that I've burned on rent. All of my. Everything I pay now is through Bilt. B I L T Shout out to Sean, my friend who used to work for the Daily Mail. He works there and. Yeah, man. So I'm gonna be stacking up my point.

[Jesse Lally]

I don't even know what that is.

[Tom Sandoval]

You don't?

[Jesse Lally]

No.

[Tom Sandoval]

Oh, I pay all my rent with that. And at the end of the year, you can take a fabulous vacation around. You can go, where do you love? You love Capri?

[Jesse Lally]

Yeah.

[Tom Sandoval]

Where do you love Capri? Capri. I'm an unsophisticated swine, but yeah, man.

[Tom Schwartz]

Also, I just wanted to come check

[Tom Sandoval]

in and see your new spot. How are we feeling about the Valley so far? I don't do Valley recaps. We don't talk about the Valley. But what are you gonna grade? What are you gonna be grade yourself? Your performance so far in the Valley,

[Jesse Lally]

you know, I would never grade myself, but I'm very, very proud of my girlfriend Lacy Nicole, joining the cast of the show.

[Tom Sandoval]

What a great stellar addition.

[Jesse Lally]

Rookie of the year. In terms of Bravo, I hope she. She gets recognition. She's. She's definitely adjusting to the life, but, you know, she's also really struggling right now physically, mentally. And you'll see towards the end of the season, we have, you know, we have some, some scenes where with her fertility doctor talking about her endometriosis, which I know is a major issue with women and, and going undiagnosed, and she's really struggling right now with that. So I'm just trying to be as supportive as possible with. With her journey through. Through that. And lucky to have her.

[Tom Sandoval]

Lucky to have Lacy. Yeah, she's a stellar talent. She has such a big personality.

[Tom Schwartz]

She's a star.

[Tom Sandoval]

I hate saying that because I feel like a Hollywood schmuck, but I feel like that about Kiana too. That's my girlfriend. She's. She films a few times this season, as you guys will see. But Lacey's been so sweet and supportive of her because Bravo actually posted a scene with her which was so fun and light hearted and endearing, but that was like one of her first times getting random people scrutinizing her appearance and stuff.

[Tom Schwartz]

And it's kind of scary.

[Tom Sandoval]

It's when like, yeah, it's. It's. You're bearing a piece of your soul, even if you're just filming a few Times. And Lacey's been so sweet. Lacey, if you ever hear this.

[Tom Schwartz]

Thank you.

[Tom Sandoval]

Thank you for being so sweet to Kiana.

[Jesse Lally]

It's been. Yeah, no, I think the newbies need to stick together a little bit, right? Because I remember when I was a newbie and I was like, damn, what is happening right now? I was called the Tom Sandoval of the Valley. I didn't even know what that meant.

[Tom Sandoval]

You know what? I hear more about you than anything. They're like, well, he's a bit of a douche, but he's a lovable douche. Yeah, I don't think you're a douche. I think you have many layers to your personality. You have high emotional intelligence. You're hilarious. But I think. Yeah. Also, the past three years of just me and you both kind of. I'm not gonna say they effed us up, but they just change. You divorce all that stuff. It's.

[Jesse Lally]

Right. I mean. I mean, look, I'll never forget going back to, like, 2012 when I. When I joined golf club down the street and I played a round with this guy, and when I joined the club afterwards, he came up to me and I said this, I think in the. In the season one trailer, he came up to me and he goes, when I met you, I thought you were a douchebag. But when I realized that, you know, you're a douchebag, it was quite charming to me. And I said that in the trailer and it like, I don't. I don't think I'm that douchey.

[Tom Sandoval]

You're not.

[Jesse Lally]

But I. I will tell you. I will tell you who I am. I am a. Like a very crass, very cold. Like, my humor is. I. I have. I have a very.

[Tom Sandoval]

You can be vulgar, for sure.

[Jesse Lally]

Oh, yeah.

[Tom Sandoval]

Crass. Might even be too harsh. Not cold is too harsh. Maybe a little crass, maybe a little vulgar. But you're never cold because you're warm with your.

[Jesse Lally]

Yeah, yeah. No, no, no. And a little lack of social awareness where, like, maybe. Maybe that joke would have landed if I was Dave. You know, Dave Chappelle on stage.

[Tom Sandoval]

But know your audience, Jesse.

[Jesse Lally]

Yeah, but, yeah, no, sometimes. Sometimes I like to crack a few. That. That don't. Don't go over well. But, hey, I own it, which is what I think, you know, I think works.

[Tom Sandoval]

So it's admirable and it's. It's endearing when someone is self aware and. Yeah, it takes accountability or just. I love being the. It's like Eminem used to do when he was coming up. He would always make fun. He's like, I made fun of myself before other people could do it.

[Jesse Lally]

Yeah.

[Tom Sandoval]

Which is like. Yeah. It's very disarming. And I think we all do it. I'm watching myself back this season. I never talk about the Valley on the podcast. Hi, guys. If you're listening. Are you guys watching? I never. But, like, I'm As. I'm sitting with you. I want to. I'm not going to because I don't want to get in trouble because we're not supposed to. I don't think we can. This is never going to be a Valley recap show. But watching myself, I'm just, like, cringing. So far this season, I was kind of sweet and, like, affable, but I think in the beginning, I was, like, quietly falling in love. And I didn't really know if I wanted to, like, acknowledge that or tell production that I was doing this, but eventually you have to. You can't keep a secret like that. But, yeah. I'm cringing at myself so far. Well, I'm cringing. I'm cringing in every. Every scene that I'm in, I'm cringing. And I love myself.

[Jesse Lally]

First of all, you don't even. You don't even watch it.

[Tom Sandoval]

I do. I do. I do. I skim through it, but I skip all of my parts. I really do. I can't. And it's not even trying to be a humble, cool guy, but it's just too painful.

[Jesse Lally]

I just. I skip through all the parts until my parts.

[Tom Schwartz]

Okay.

[Tom Sandoval]

Sheena used to say that. By the way, Sheena has new music coming out this week. Shout out to Sheena.

[Jesse Lally]

Oh, yeah. Birthday party yesterday.

[Tom Sandoval]

Is it Thursday?

[Tom Schwartz]

Yeah.

[Tom Sandoval]

Yeah, I'll be there, too. I'm excited. She's got. She's new music coming out with the 27s, her band.

[Jesse Lally]

Okay.

[Tom Sandoval]

Right. The 27s.

[Jesse Lally]

I mean, I'm just there for support. I was invited, which. Which is shocking. Yeah. So if I get the invite, Lacy gets the invite.

[Tom Sandoval]

We're.

[Jesse Lally]

We're gonna.

[Tom Sandoval]

You're listening to this podcast, so I

[Tom Schwartz]

know you've got a curious mind. Here's a helpful fact you might not know yet. Drivers who switch and save with Progressive save over $900 on average. They make it super simple. Pop over to progressive.com, answer some questions, and you'll get a quick quote with some coverage options tailored to your choices. Plus, you'll see which discounts you may qualify for, like the online discount or savings for paying in full. In fact, 99% of Progressive Auto customers earn at least one discount. See if you could save and then switch to Progressive. You'll feel good about making a savvy choice. Visit progressive.com and see if you can enjoy a little extra cash back. Progressive Casualty Insurance Company and affiliates national average 12 month savings of $946 by new customers surveyed who saved with Progressive between June 24 and May 25. Potential savings may vary.

[Becca Tobin]

Hi there, it's Becca Tobin. I am currently the mother of a four year old, which means I have been through it, but I still have questions and maybe even a few answers. From surrogacy to toddler chaos, I have learned a lot and also not nearly enough. That's why I decided to launch Baby Gang, a six part series from the Lady Gang where I'm getting real about fertility, parenting and all the stuff nobody actually tells you. I'm bringing in some experts for the tough stuff and some other celeb moms and friends for parenting survival stuff. It's honest, it's messy, it's emotional, and yes, we are definitely laughing through it because whether you're in it, thinking about it or just curious, we've got you. So join the Baby Gang wherever you get your podcasts.

[Tom Sandoval]

Everyone inevitably has been asking me, like every time I do press, which I was, I had so much fun doing watch what happens live with Mia from Southern Hospitality. Kiana was, did you watch the episode?

[Jesse Lally]

Yeah, of course.

[Tom Sandoval]

Kiana was in the audience. It was so cool. Andy was so sweet to her and it was such a cool experience. But like, more than anything lately, I'm like, do you have any advice for. Because, you know, after the S scandal. I don't like to say that word. But after everyone's like, do you see any parallels? Do you have any advice, any input? And I'm just like, it's never worth it. I guess like doing. I don't know if you're following you. I was with Kyle and I follow everything. No, you're locked in. You're not a gossip hound or like a culture ultra vulture. But you know what's going on.

[Jesse Lally]

I don't know. I like that. I'm, I'm, I'm like, I dissect everything. You know, I know everything. I've worked every angle. I know everything.

[Tom Sandoval]

Show us the binder, Jesse, show us the binder.

[Jesse Lally]

Shout out to Michelle dropping that. I have a binder.

[Tom Sandoval]

I'm just kidding. I'm just kidding. We don't even have to go there. But what else is Going on, brother.

[Jesse Lally]

You know, listen, I, I think the, I will say when it comes to reality tv, what a wild couple of weeks and months it's been. I think you know, everything that's happening on Summer House, one of my favorite shows. So good you've been on there. I love Kyle was the first Bravo Liberty I ever met after season one. So I just buckled down and watched like 10, nine seasons at that time of Summerhouse, became friends with Carl and to follow it all along and then, you know, it just happened on the steps of your return to reality TV on the Valley and the, the Real Housewives of Rhode Island. It was, it was just, it was so much Summer House drama that, that, you know, I, I worried that it, it may have sort of shadowed, you know, the Valley and, and the Real Housewives of Rhode island, but all doing very well in terms of numbers.

[Tom Sandoval]

Hearing good things about Rhode Island. Yeah, very good things. I, I watch Salt Lake, Beverly Hills. I dabble in most all of the shows. I, I haven't, I haven't been able to watch the latest Summer House episodes because it's weird because I'm friends with all them. I really love those guys. Even Amanda and Wes. I know it's kind of twisted what they did. It's betrayal. But like, I still love those guys. I feel weird. What? Like I feel like I'm spying on my friends as opposed to just being a fan. Does that make sense?

[Jesse Lally]

I feel like that's what reality TV is, even if you're not fucking friends. Like we're friends with all these people and I think the general audience feels, because it's reality TV feels that they are friends with everybody and we're all just spying on, you know, the backstory.

[Tom Sandoval]

Oh, peeping Toms.

[Jesse Lally]

Like here you are sitting in my, you know, my dining table overlooking the Hollywood sign and you were trying to sleep with my wife.

[Tom Sandoval]

No, that. Guys, that is a joke. Obviously. Honestly, it's a, it's more of a. We have like a little repartee about that. Like with you guys. As you've seen on the show, me and Michelle are just friends. But you had to go there, didn't you?

[Jesse Lally]

I love it because it makes you.

[Tom Sandoval]

It makes me squirm.

[Jesse Lally]

It makes you squirm. It makes her pink cheeked, which is, is what I love. But I mean, look, it's. Dude, you know what, what a world we're living in right now.

[Tom Sandoval]

I know it's strange, but I feel good. I feel like. I don't know how to say, say this Guys, I'm sorry about the no video, but this place looks good on you. I know it was abrupt and you miss your old spot down by the Chateau. Wait. For people who have never been to the Chateau. Can you explain why it's so magical? At least to you?

[Jesse Lally]

I mean, to me. To me, the reason why Chateau Marmont was. Was magical. You know, first of all, it's been around for 100 years, right? And every time you drive down Sunset, you see it. It. It's. It's reminiscent of like a, you know, castle in the French countryside. But aside from that, one of the most exciting things was being in real estate. I knew that when you become a neighbor of Chateau, you have certain access to Chateau that other people don't have. You know, whether that's my getting a key to the pool that said pool on it, you know? And what does that mean, just for

[Tom Sandoval]

people who don't know what you mean? It just means you get access to the pool, which is very exclusive.

[Becca Tobin]

Well.

[Jesse Lally]

Well, no. I mean, you got the. The only way to get a reservation at Chateau is to email the hotel. So when I moved into the house, Michelle and Isabelle and I would go down to the Chateau. We'd have breakfast, we'd have lunch, and then what? You know, I'd get the. I'd get the manager's number, and I would text him and like, hey, I have 10 friends on the way down the hill right now. Can you set us up in a booth? And it was like. It felt like a private club to me. And then there was a day where we were having breakfast and Isabella wanted to swim in the pool. And I went to the hotel manager and I said, hey, can you open the pool for us? Ran up to the hotel. Ran up from the hotel to my house, got a bottle of champagne for the hotel manager, and he gave me a key to the pool. Like an actual. Like, you're a hotel guest. Here's a key with a tassel on it to the pool. And I love a tassel on a keyboard. Yeah, it felt to me. And there was some. There was a scene in the end of season one of the Valley where Michelle's sitting in front of French fries in a. In a Michelada. And it was delivered. Room service delivery up to my house. And it was like that. It just felt like you were part of a private club that nobody knew about.

[Tom Sandoval]

Yeah, it does feel that way because it's Vit. Cheers. We're doing. We're doing microdose shots because we're getting older now. But it does feel. Well, it's open to everyone, but it's. It still feels very exclusive. And there's nights where it's very difficult to get in. I. You know, I've been there many times. We used to pre game there before. We would go across the street to the Den on Sunset Boulevard, then maybe down to Rock and Riley's. Rip Rock and Riley's. But we'd make our way down the Sunset Strip. And it was thundering. It was teeming with life. And now it's starting to feel like a bit of a ghost town. I did a whole episode on this. But. But one place that still is, like, pulsating, thriving is Chateau Marmont.

[Jesse Lally]

And I've been. I've been told. Do you remember Bar Moment?

[Tom Sandoval]

Bar Montmont is reopening.

[Jesse Lally]

Reopening. And that was. I will tell you. My first real estate commission check was for a $6.2 million listing in Truesdale. I drove from wherever I was to the office to pick up an actual check. And then I took my best friend and my girlfriend at the time, we went to Barmamont and celebrated my first real estate sale.

[Tom Sandoval]

That was your first one ever.

[Tom Schwartz]

What's.

[Tom Sandoval]

Well, that. Just for people who don't know.

[Tom Schwartz]

What's that?

[Tom Sandoval]

What's. What's industry average for a commission? 6%? 3. Or is it.

[Jesse Lally]

There's. There's no. There's no industry standard, but for the most part, it's between 5 and 4%. Yeah. Two to two and a half percent each side.

[Tom Sandoval]

When you would see these guys, including yourself, selling 5, 10, $20 million estates, houses, it can add up fast.

[Tom Schwartz]

Yeah.

[Jesse Lally]

Yeah.

[Tom Sandoval]

And. But it's boom and bust. When you're hot, you're hot. When you're not, you're not. How's the market lately? Is it good? I feel like you've been on fire lately.

[Jesse Lally]

We've been doing really well lately. We. We just sold something in bel Air for 8.6 million.

[Tom Sandoval]

Whoa.

[Jesse Lally]

We have something in Laguna that we're about to list for 30 million. I have something in Beverly Hills right now for 35 million. But we're also chipping away at the. You know, we. We just had a listing appointment for something for 4.2 in Santa Monica.

[Tom Sandoval]

Nice. Dude.

[Jesse Lally]

No, I. The market's a little all over the place, but I think if you grind it and you work it and. Yeah, the show's been very helpful because the social media aspect of selling real estate nowadays is very important. So when I can go into a listing appointment and say, hey, look, on average, I have 10,000 views on a story within 24 hours and I have a 65% click rate. That means that if I post your $3 million house and I get 6,500 people that click on Zillow, it's going to go to the top of the Zillow algorithm, you know, and, and it's just, it's just another aspect to use the show and use this world to help promote, offer something that somebody else can't have.

[Tom Sandoval]

Totally. And I feel like unless you're J. Luke's and you're literally leasing every building in Los Angeles, then like it. Not having social media is a, a detriment, would you say, especially for up and comers newbies. Like, look at Ryan. Ryan, yeah. Like he's absolutely crushing at the Netflix show. He's a beast on social media.

[Jesse Lally]

Yeah.

[Tom Sandoval]

Like, my God, that's the, that's the blueprint. I'm not saying to replicate everything he does, but like, if I was going to do it, I'd want to do some version of that. Right.

[Jesse Lally]

I think there's, there's an opportunity. You're not always going to find a buyer or seller by social media, but what you're going to find is traction and, you know, eyeballs on certain property and that's what you're looking for. It's like, you know how many people read the LA Times on Sunday nowadays?

[Tom Sandoval]

Let's be honest, it's fun to skim it. I like the aesthetic of having it in my hand. Not to be everyone's favorite, favorite word on the Valley, performative. But I, I like having the New York Times in my lap. Right. If the la, it's cool.

[Jesse Lally]

I mean, yeah, yeah. But like how many people are looking through the L A Times and they're like, hey, I want to buy that house. What people are doing is Sunday morning, they wake up, they're, you know, laying in bed and they're scrolling through their phone. So if you hit the right points, the right algorithm, you know you're going to be able to sell to potential buy. I mean like the amount of stories I've heard in Los Angeles, like there was a property that our office sold, I think it was 1175 Hillcrest, way back in 2012. 13. And it was, it was the founder of Minecraft who found the property, like scrolling through social media and, and through like the Internet. And it's like people are doing that these days. Like real estate is porn, real estate and design is porn.

[Tom Sandoval]

So there's food porn. And I Love real estate porn, particularly real estate porn where we're at right now in Laurel Canyon.

[Jesse Lally]

Yeah.

[Tom Sandoval]

There's one guy follow, I forget his name, but he does like just simple video tours of the houses. And I love this guy. I watch every one of his videos and I sort of like fantasize about buying a lot of them. Even though they're way out of my price range because a lot of them are just crazy. Five, ten million dollars or more. But like, I'm like, yeah, I want that. I'll send it to Keanu. Yeah, we should like.

[Jesse Lally]

Well, listen, listen, if you renegotiate season four of the Valley, then I think it's like going to cut it in la. I figure you're, I figure your number right now you could probably buy 10 million in season four.

[Tom Sandoval]

Okay. He's obviously kidding. You guys know, I just, I'm scared that I'm never going to be able to buy a house again in la. And I love it here. I don't want to leave here. Like, I'm thinking about like, I'm like,

[Jesse Lally]

all right, dude, I could see you living literally next door. Like I feel like with this view, the Hollywood sign, the observatory, the city beyond Santa Clarita there, like, but like, this is your vibe.

[Tom Sandoval]

This is exactly my vibe, my dream.

[Jesse Lally]

Birds chirping.

[Tom Schwartz]

Yes.

[Jesse Lally]

Squirrels eating your nuts.

[Tom Sandoval]

Fog rolling in. Fog, bougie ass erewhon squirrels. Right?

[Jesse Lally]

Yeah. No, no, you'll go down, you'll go down to the Laurel market, you'll get like, I'm not talking like organic whole foods erewhon nuts. You get some of those like nuts that probably kill like yourself and squirrels. But you go down there, you get something. You get some of those nuts are probably salted with like, you know, caramel and all kinds of just give them like this, this is your vibe.

[Tom Sandoval]

It is. I, I've always dreamt of living in a mid century modern, which this is, this is mid century modern esque. Yeah. Or this is mid century.

[Jesse Lally]

Mid century Ranch.

[Tom Sandoval]

Mid century ranch. My dream's always been one of my Both sides.

[Jesse Lally]

Both sides entering modern.

[Tom Sandoval]

Very, very tasteful. But I've always wanted a mid century up in the hills. It doesn't have to be Laurel Canyon, but valley.

[Jesse Lally]

No, I see your vibe. Come back over to the bright side. Over Mulholland.

[Tom Sandoval]

Get out of, get out of, get

[Jesse Lally]

out of North Hollywood. Living at the under the 101 in North Hollywood. As you know, you're chipping golf balls off your deck with jacks onto the 101. Just like causing. Causing chaos. No. Come back over Mulholland and we'll welcome you with open arms. I can get you. I can get you a place right down the street. And then you and I can be roomies like you and Jax were. Maybe we'll open a bar on.

[Tom Sandoval]

I would suggest you don't do that. Lally's Valley was. At one point we were like, do we rebrand Jackson's Bar? Remember, we're like, what about Lally's Valley? It had a nice ring to it.

[Jesse Lally]

Dude. I think you and I opened a little wine, like a high, high,

[Tom Schwartz]

like

[Jesse Lally]

amazing wine by the glass, like place.

[Tom Sandoval]

Great cheese, a lot of Comte cheese. Kiana, if she ever makes it this far or listens to the. She loves Comte cheese. Have you ever had that? It's lovely.

[Jesse Lally]

I've had every cheese.

[Podcast Host Intro]

This is a paid message from GoFundMe. Meet Juan Naula. When his son was hospitalized for a viral infection, Juan started a GoFundMe to pay for medical expenses.

[GoFundMe User]

It was 5k to pay the bill for my son and I need only 22 hours. It was amazing. People really trust on GoFundMe.

[Podcast Host Intro]

How did Juan raise $5,000 in less than a day? He posted a short video on GoFundMe telling his story in 30 seconds.

[GoFundMe User]

30 seconds. Be specific. Be quick and tell. What are you going to be. You're going to using the funds for. I was nervous to do it because it doesn't feel okay to ask money. But you shouldn't be nervous. Sometimes you just have to do it and see the results. We were able to save my son's life thanks to gofundme that we still have my son with us.

[Podcast Host Intro]

Start your GoFundMe today at gofundme.com that's gofundme.com gofundme.com this message reflects one person's experience.

[Tom Sandoval]

Well, we're gonna do an episode where we go and taste great wine with you and taste like I wanted to go and I want. I've never really had super high end wine in my life. I want to experience. I'm looking Napa Valley, baby. I'm looking hanging on the wall right now. I see the French laundry menu signed by.

[Jesse Lally]

Is it signed by the chef Thomas Keller? Yeah.

[Tom Sandoval]

Is it still open?

[Jesse Lally]

Yeah.

[Tom Sandoval]

I remember Newsome got so much during the pandemic as he went there.

[Jesse Lally]

So you got two menus signed by Thomas Keller. Right above it is the old winemaker from Opus One signed the last time I was there. And just to the right is the Menu from Bar Hemingway at Ritz Paris.

[Tom Sandoval]

Oh, really?

[Jesse Lally]

The best martini in the world. They make it in the back room, so you don't know what's in it.

[Tom Sandoval]

Wait, can you explain for the uninitiated?

[Jesse Lally]

So the Hemingway Bar at Ritz Paris, they have something called the clean dirty. It's a dirty martini, and they make it in the. They won't make it at the bar. They make it in the back room. So you don't know. Is it gin? Is it vodka? It tastes like both. It has, like, a giant ice cube with an olive and olive juice in the middle, so as it melts, it stays cold, but it keeps the dirtiness throughout. It's the best drink you'll ever have in the entire world.

[Tom Sandoval]

Okay, you said it.

[Jesse Lally]

The Clean dirty.

[Tom Sandoval]

The clean dirty at the Ritz in Paris.

[Jesse Lally]

Yeah.

[Tom Schwartz]

Wow.

[Tom Sandoval]

That sounds fabulous.

[Jesse Lally]

It was amazing. So as we were leaving. As we were leaving the hotel that year, I think that was 2021, got a knock on the door. Michelle. I was trying to steal the menu to have it framed, and Michelle had called down and had the. The. The restaurant bring up two menus so I could frame them.

[Tom Sandoval]

Well, it looks fabulous.

[Jesse Lally]

The best. Some of the best drinks in the world.

[Tom Sandoval]

Very cool. I haven't made it there yet. I've never been to France. Katie used to go all the time, but Paris is.

[Jesse Lally]

I would move to Paris tomorrow.

[Tom Sandoval]

I want to go to Paris with you. Let's run away together.

[Jesse Lally]

Let's do it.

[GoFundMe User]

Okay.

[Tom Sandoval]

You like seeing Keanu?

[Jesse Lally]

Paris to Switzerland to Capri would be my ultimate, ultimate adventure.

[Tom Sandoval]

Kiana's always wanted to go to Switzerland. I do all the hookups. Well, dude, every time I hang out with you, I feel a little more elevated, a little more refined, a little cheeker. Or no, not chica. A little more sophisticated.

[Jesse Lally]

No, because I'm pretty gritty. Elevated. Elevated would make sense.

[Tom Sandoval]

I just did a buddy. A show with my buddy Luca, who does the LA Countdown. He does, like, reviews all around la. What are you. Can I ask you, before we wrap it up and have one more margarita, what are. What are some of your favorite spots to eat In West Hollywood, L.A. in general? Spots in the Valley, if you want to name a few. I want to go to Salsa and Beer later, which is one of the most iconic Mexican restaurants in the Valley. Have you been to Salsa and Beer?

[Jesse Lally]

I've been to Salsa and Beer, I think for sure in terms of the Valley, man. Sushi Row.

[Tom Sandoval]

Sushi Row. Casa Vega, obviously.

[Jesse Lally]

Casa Vega. I will tell you.

[Tom Sandoval]

Don't say It.

[Jesse Lally]

Thumbs down.

[Tom Sandoval]

What? You go for the feeling.

[Jesse Lally]

The first of all, you. You're in the valley. You say Casa Vega. I'm on the other side of the hill. I say El Coyote. Margarita's far superior flaming, by the way. Sorry. Quentin Tarantino. I know. He told me that he has a margarita on the list at Casa Vega. Sorry.

[Tom Sandoval]

It's.

[Jesse Lally]

Food's good. Yeah, food's good.

[Tom Schwartz]

More.

[Jesse Lally]

More abundance of menu than. Than El Coyote. But drinks certainly not Yumi on Ventura. Delicious sushi.

[Tom Sandoval]

Yumi.

[Jesse Lally]

Yumi.

[Tom Sandoval]

Okay.

[Jesse Lally]

Yeah, amazing. Like, I go there all the time.

[Tom Sandoval]

Do you want to go after this?

[Jesse Lally]

I don't know if margaritas and tacos go with.

[Tom Sandoval]

All right.

[Jesse Lally]

I got terms of restaurants. You know, I've known Craig since he was a maitre d at Dantana's. I love Craig's. I love. I love Dantana's. Food's amazing.

[Tom Sandoval]

Pigs in a blanket at Craig's. What should we get if we go to Chateau Marmont? Should we drop your name?

[Jesse Lally]

Chateau Marmont. Drop my name. Andre Balaz. I've been to a bunch of his properties, including Sunset. Sunset island in the Hamptons. He has the best french fries of any place you will ever get. Burger's great. Bolognese famous. I'm really liking the salmon setup these days at Chateau Marmont. Medeo. I could eat a basket of Medeo bread. And it's not bread. It's literally just like burnt pita with like olive oil and sea salt on it. Love that. But I'm a huge foodie, so anywhere you go, any. Pretty much any city you go to, or any country in the world that I've been to, I have a two page word document with a cheat sheet of what to eat, where to go, and what to do.

[Tom Sandoval]

So you guys, you're in town. Hit lally up if you need the recommendations. You want to be bad and bougie before we go, it's cinco. What is your perfect margarita? I know mine. You want me to go first? You go first for me. Simple, classic. I like patron. Three ingredients. Water, yeast, agave. No hangover. I want that. I want fresh lime juice. I want 0.25 ounces or less of agave. And then I want some fresh orange juice, which is like integral to any great skinny margarita. A little fresh orange juice is a game changer. Highly recommended.

[Jesse Lally]

So my favorite margarita. Orange juice is disgusting. That is not a margarita. That is a splash. Yeah, no, it's. You can splash it on your face. So the perfect margarita. I have gone through every margarita mix imaginable and I have the best one ever. But what I do is four ounces of tequila.

[Tom Sandoval]

That's insane.

[Jesse Lally]

Four ounces of tequila, a splash of this margarita mix and then I like to strain a couple limes myself. But what I do is a pinch of sea salt in the margarita, not on the rim, just throw it in the margarita. It cuts all of the, it cuts all of the like lime like acid and yeah, that's a secret to my margarita.

[Tom Sandoval]

Listen, me and you drink a couple of four ounce margaritas. I'm passing out face down in the pool at Chateau. I'm going to go out like a rock star.

[Jesse Lally]

I've had six four ounce margaritas since we started this interview and. And you 13 half shots.

[Tom Sandoval]

You could not see more sober to me. By the way, this is if. I know you're half joking, but that's actually very impressive.

[Jesse Lally]

Well, even if I was half joking, it would still doing the math. All right.

[Tom Sandoval]

I guess you made, I really. You made me feel a little better about the prospects of buying a house in la again. It seems like a distant dream right

[Jesse Lally]

now, but I mean, look, if you have the capital to buy a house in la, now is the time. We have the Olympics coming up. We have FIFA coming up. You will be priced out of the market if you don't move soon. And you will be priced out of the market if interest rates all of a sudden go from 6% to 4 and a half percent. It's just that that won't be the time to buy because you're going to be competing against offers. Then all of a sudden the Olympics, FIFA, boom, there's no more inventory.

[Tom Sandoval]

I'm a little confused by your tactics right now. I don't know if this is fear mongering, scare tactics or just creating a very necessary sense of urgency to buy.

[Jesse Lally]

Where do I. I mean you basically like at this point, you're renting basically in Santa Clarita. I mean Valencia adjacent. Just come back to the, Come back to the dark side of WeHo, baby.

[Tom Sandoval]

My heart will always be in WeHo. Although I reside in the Valley and I will stay in the Valley. I love the Valley. I love Lally from the Valley. This is fun, dude. Thanks for having us.

[Tom Schwartz]

This I.

[Tom Sandoval]

It's just me and you having a Cinco de Mayo together right now.

[Jesse Lally]

Cinco de Drinko Bay.

[Tom Sandoval]

Thanks for hanging out with us, you guys. And thanks for letting us ramble. And thanks for answering some of my burning questions about the real estate. I've been feeling pretty bleak about It. Because I go on Zillow, like, what did you call? Like? It's like porn. I go and I scroll almost like a couple times a week, and I look at people on TikTok and I'm

[Jesse Lally]

just like, well, I don't know if you know, but there's somebody on your TV show that's in real estate, and I could just send you things that are good for you.

[Tom Sandoval]

Okay. When I buy, I'm making it official right now. I got the pinky out.

[Jesse Lally]

You will be.

[Tom Sandoval]

Do I have to split it with you and Michelle? Is it okay? No. Okay. All right. Jesse's going to be my agent. He's going to get me a killer deal. Still got to build that bankroll up, Schwartz. And Sandy is still fresh, so. Still recovering. But I'll be back soon.

[Jesse Lally]

Valley season three.

[Tom Sandoval]

You guys, thanks for watching the Valley, Jesse. I love you all. Shut up now.

[Jesse Lally]

All right, Quesadilla.

[Tom Sandoval]

Happy Cinco.

[GoFundMe User]

Woo.

[Tom Sandoval]

Quesadilla, gang.

[Tom Schwartz]

Thank you, Jesse.

[Tom Sandoval]

Thanks for sitting with me, sipping some tequila.

[Tom Schwartz]

That was a lovely cinco.

[Tom Sandoval]

Love Cinco de Mayo. Go out, support your mom and pops.

[Tom Schwartz]

Hope you guys all had a delicious margarita. And no, Jesse, it's not blasphemous to put fresh oj.

[Tom Sandoval]

Every good skinny margarita has fresh oj. Hope I wasn't a Debbie Downer in this episode. I'm still hopeful. We're all gonna be homeowners, right?

[Tom Schwartz]

And also, you guys, while you're paying rent or your mortgage, use Bilt. B I L T. Check out Bilt so you can accrue points and take a fabulous trip to Capri. Or is it Capri?

[Tom Sandoval]

Damn it, I still didn't get it.

[Tom Schwartz]

Yeah, but might as well accrue some points you can use for travel and purchasing luxury goods and stuff while you're paying that rent, especially if it's 50%

[Tom Sandoval]

of your income, like so many people in LA.

[Tom Schwartz]

Just, damn, it's hard out there. Also, if you can use a little break, you know, a little breather room for a couple months, check out rnplcredit.com that's rent now. Pay letter rnplcredit.com rent smart. Stress less. I know we've talked about this on the show many times. Life comes at you quick, man. Or maybe you're just starting a new chapter in your life, kind of like me. And maybe you just got a new job in Charleston at Republique. Yeah, you're gonna be on Southern hospitality now. But first and last month's rent is crazy. And you don't have the cash rent now, pay later. To the rescue. Check it out. Very, very fair repayment terms. And yeah, it's an awesome service.

[Tom Sandoval]

I know we've talked about it on the podcast many times.

[Tom Schwartz]

Sure wish I had that back in

[Tom Sandoval]

2009 because there's a few months I really needed it. Still don't know how I got by.

[Tom Schwartz]

Yeah, well, Jesse, love you.

[Tom Sandoval]

If you guys are in the market,

[Tom Schwartz]

hit him up DM him.

[Tom Sandoval]

If you want to take a look around, there are some beautiful places here.

[Tom Schwartz]

I hope I didn't sound too pessimistic.

[Tom Sandoval]

There's some beautiful properties that can still appreciate and still a great place for long term investments. Of course.

[Tom Schwartz]

Just kind of daunting. Remember the place we talked about in the beginning? 700k, one bedroom, one bathroom.

[Tom Sandoval]

Maybe haunted.

[Tom Schwartz]

Like you still need 20% downs. 140k on that.

[Tom Sandoval]

Okay, okay. I digress. Let's end on a positive note. Love you guys. That was such a fun episode.

[Tom Schwartz]

And yeah, I'm excited to talk to you again next week. Thanks for tuning in. Until then, toodles.

[Podcast Host Intro]

Retoxification complete.

[Jesse Lally]

Pluto TV has thousands of free movies and TV shows.

[Tom Sandoval]

We're coming at you with everything we got.

[Podcast Host Intro]

This is the mindset. Free.

[Jesse Lally]

This is the mantra.

[VRBO Advertiser]

Free.

[Jesse Lally]

This is the mindset.

[Becca Tobin]

With movies like Pineapple Express, the entire Star Trek film franchise and Gladiator, and

[Tom Sandoval]

TV shows like Survivor, SpongeBob SquarePants, the

[Jesse Lally]

fairly odd Parents and Ghosts, Pluto TV is always free. Pluto TV stream now pay never.